Target elects not to renew licence

Reuters Reuters

12 September, 2015, 12:00 am

APPAREL retailer Cherokee Global Brands said Target Corp elected not to renew the licence of the Cherokee brand in the US, sending the company’s shares tumbling 33 per cent in extended trading. The current licence will expire on January 31, 2017, Cherokee said in a statement on Thursday. Target has been licensing the Cherokee brand […]